MILPITAS, Calif., Aug. 1, 2024 /PRNewswire/ -- The KLA Corporation (NASDAQ: KLAC) Board of Directors today declared a quarterly cash dividend of $1.45 per share on its common stock, payable on Sept. 3, 2024 to KLA shareholders of record as of the close of business on Aug. 15, 2024. Logo: https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg About KLA: KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide adv ...

3 Trends Shaping the Future of the Industry Industry Description Solid Capital Spending Drives Prospects: Technology transitions are driving product complexities, which are raising the demand for solutions provided by industry participants. Increasing investment in expanding manufacturing capacity by semiconductor companies is a key catalyst in the long run (irrespective of the nearterm hiccups due to the challenging macroeconomic conditions). Since semiconductor companies are the major customers of miscell ...

I I F Investment thesis Recent developments Seeking Alpha Balance Sheet (MRQ) Seeking Alpha | --- | --- | --- | --- | --- | |-------------------------------------------------------|------------------------|------------------|----------------|-----------| | | Q4-FY24 ($M) \nRevenue | Growth % \nY / Y | Growth % \nQ/Q | Revenue % | | Semiconductor Process Control (Systems + Services) | $2,308 | +10% | +10% | | | Specialty Semiconductor Process (Systems + Services) | $121 | -6% | -7% | | | PCB and Component In ...

Core Insights - KLA Corporation reported strong fourth-quarter fiscal 2024 results with non-GAAP earnings of $6.60 per share, exceeding estimates by 8.55% and showing a year-over-year increase of 25.5% [1] - Revenues for the quarter reached $2.57 billion, a 9.1% increase year over year, also surpassing estimates by 2.57% [1] - The company expects first-quarter fiscal 2025 revenues to be around $2.75 billion, indicating a year-over-year growth of 1.99% [5] Revenue Breakdown - Semiconductor Process Control revenues accounted for 89.8% of total revenues, increasing 10% year over year to $2.31 billion [10] - Within Semiconductor Process Control, Foundry & Logic contributed approximately 82% while Memory made up about 18%, with DRAM representing 82% of memory revenues [2] - Wafer Inspection revenues rose 23% year over year to $1.17 billion, while Patterning revenues saw a decline of 7% year over year but increased 1% sequentially to $542 million [3] Expense and Margin Analysis - Selling, general and administrative (SG&A) expenses increased 1.7% year over year to $255.1 million, but as a percentage of sales, they decreased to 9.9% [4] - Non-GAAP gross margin for the quarter was reported at 62.5%, slightly above the guidance range [14] - Non-GAAP operating expenses totaled $552.5 million, with R&D expenses at $325.8 million, reflecting a year-over-year increase of 2.7% [15][22] Cash Flow and Shareholder Returns - Cash flow from operating activities was $892.6 million, down from $910 million in the prior quarter, while free cash flow was $831.9 million [27] - The company returned value to shareholders by paying out $197.5 million in dividends and repurchasing $470.3 million worth of shares during the quarter [25] Balance Sheet Highlights - Long-term debt decreased to $5.88 billion from $6.7 billion in the previous quarter [16] - As of June 30, 2024, cash, cash equivalents, and marketable securities totaled $4.5 billion, up from $4.3 billion as of March 31, 2024 [24] Market Performance - KLA shares have outperformed the Zacks Computer & Technology sector year to date, gaining 30% compared to the sector's 23.8% return [29]

For the quarter ended June 2024, KLA (KLAC) reported revenue of $2.57 billion, up 9.1% over the same period last year. EPS came in at $6.60, compared to $5.40 in the year-ago quarter. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how KLA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street a ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. KLA shares have added about 38.9% since the beginning of the year versus the S&P 500's gain of 16.5%. Ahead of this earnings release, the estimate revisions trend for KLA: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform ...

2 Includes $3B Accelerated Share Repurchase (ASR) 3 Excludes $16.50 per share special dividend in CY15 KLA Non-Confidential | Unrestricted 10 $832M June Quarter Free Cash Flow* 32% June Quarter FCF Margin* September 2024 Quarter Guidance $198M June Quarter Dividends Paid (Above) The 8935 high productivity patterned wafer inspection system detects a wide variety of critical defects that affect the yield and reliability of semiconductor chips. Provides high throughput, inline defect detection and binning, hel ...

Financial Performance - KLA reported Q4 FY2024 GAAP net income of $836.4 million and diluted EPS of $6.18 on total revenues of $2.57 billion[1] - For the full fiscal year 2024, KLA achieved GAAP net income of $2.76 billion and diluted EPS of $20.28 on total revenues of $9.81 billion[1] - Q4 FY2024 non-GAAP net income was $893 million, with non-GAAP diluted EPS of $6.60[3] - Full year FY2024 non-GAAP net income reached $3.23 billion, with non-GAAP diluted EPS of $23.74[5] - Total revenues for the quarter were $2.569 billion, at the upper end of the guidance range of $2.5 billion +/- $125 million[36] - GAAP diluted EPS for the quarter was $6.18, and non-GAAP diluted EPS was $6.60, both above the midpoints of their respective guidance ranges[24] - Total revenues for the fiscal year were $9.81 billion, down 6.5% year-over-year[17] - Net income for the three months ended June 30, 2024, was $836.4 million, up from $684.7 million in the same period in 2023[41] Revenue Breakdown - Q4 FY2024 product revenues were $1.95 billion, while service revenues were $613.9 million[8] - Full year FY2024 product revenues totaled $7.48 billion, and service revenues were $2.33 billion[8] - Semiconductor Process Control segment revenues for the quarter were $2.31 billion, up 10% year-over-year[17] - Specialty Semiconductor Process segment revenues for the quarter were $121.3 million, down 6% year-over-year[17] - PCB and Component Inspection segment revenues for the quarter were $140.0 million, up 9% year-over-year[17] Expenses and Margins - Q4 FY2024 R&D expenses were $325.8 million, representing 12.7% of total revenues[8] - Full year FY2024 R&D expenses were $1.28 billion, accounting for 13.0% of total revenues[8] - Q4 FY2024 pre-tax GAAP to non-GAAP adjustments totaled $76.5 million, primarily from acquisition-related charges and restructuring costs[14] - KLA's Q4 FY2024 operating margin was 38.1% on a GAAP basis and 40.5% on a non-GAAP basis[8] - GAAP gross margin for the quarter was 59.9%, and non-GAAP gross margin was 61.5%[23] Cash Flow and Capital Returns - Cash flow from operating activities for the quarter was $892.6 million, and free cash flow was $831.9 million[24] - Capital returns for the quarter were $667.8 million, including $197.5 million in dividends and $470.3 million in stock repurchases[27] - Net cash provided by operating activities for the three months ended June 30, 2024, was $892.6 million, compared to $959.1 million in the same period in 2023[39] - Free cash flow for the three months ended June 30, 2024, was $831.9 million, down from $880.4 million in the same period in 2023[39] - Capital expenditures for the three months ended June 30, 2024, were $60.7 million, compared to $78.7 million in the same period in 2023[41] Balance Sheet and Equity - Cash and cash equivalents at the end of June 30, 2024, were $1.98 billion, up from $1.93 billion at the end of June 30, 2023[43] - Total current assets as of June 30, 2024, were $10.03 billion, compared to $8.37 billion as of June 30, 2023[43] - Total liabilities as of June 30, 2024, were $12.07 billion, up from $11.15 billion as of June 30, 2023[43] - Stockholders' equity as of June 30, 2024, was $3.37 billion, compared to $2.92 billion as of June 30, 2023[43] Future Guidance - For the first quarter of fiscal 2025, total revenues are expected to be in the range of $2.75 billion +/- $150 million[23]

For the quarter, total revenues were $2.569 billion, at the upper end of the guidance range of $2.5 billion +/- $125 million; For the quarter, GAAP diluted EPS attributable to KLA was $6.18 and non-GAAP diluted EPS attributable to KLA was $6.60, each finishing above the midpoints of the respective guidance ranges; Cash flow from operating activities for the quarter and fiscal year was $892.6 million and $3.31 billion, respectively, and free cash flow was $831.9 million and $3.03 billion, respectively; and C ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has KLA (KLAC) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. KLA is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of th ...